insurance. by people who don't generally don't have flood insurance. the problem is, sandy flouted lots of areas that were not on those floodplains maps. i talked to a guy industry has been living in the same neighborhood for 40 years, never had a drop of water in his house, and never bought flood insurance. so he is going to be in rough shape trying to rebuild his basement. places like hoboken across the hudson river in new jersey, flood insurance, people have flood insurance but it doesn't cover finished basement but if you're living in an urban area where people have basement apartments that they rent out, rely on income, they have finished basement, talking not necessarily basement that all the way down the garden apartments, that sort of thing, that's only covered up to $5000. people are potentially out a lot of money even if they have maximum coverage. >> here's the gentlemen you just referred to in brooklyn. repairs and appliances will likely cost him between 20 and $30,000. fema will tell him it will be $4400 as part of an individual assistance program. let's take a look at the
